Новости

New IFRS workbooks published as part of the TACIS Programme

As part of the program, the latest IFRS workbooks for 2013 are not available in open access at the website bankir.ru.

Russian bankers should not count on slackening

Until recently Russian banks hoped for certain slackening of regulation, expecting that from the new “megaregulator”, but it looks like this won’t happen. At least the signal which the Bank of Russia’s deputy chairman Mikhail Sukhov gave to the market at the international banking forum in Sochi was pretty clear: supervision is going to become even tougher!

European audit programme “could undermine IFRS”

Some amendments proposed by MEPs to a European Union programme to reform financial reporting and auditing rules across the economic bloc could slow the global spread of International Financial Reporting Standards, the Federation of European Accountants has warned.

Registration to close for disclosure framework project study

The Financial Accounting Standards Board (FASB) today announced that registration for a field study on disclosures in notes to financial statements will close on September 30, 2013. In May, the FASB announced that it was seeking public and private companies and not-for-profit organizations to participate in the field study.

Foreign banks allowed direct access on the Russian market

Largest global investment banks - Сitigroup, Credit Suisse Group, Merrill Lynch, and Morgan Stanley – have opened Direct Market Access (DMA) to their clients on the Russian market. Expectedly, this should increase numbers of foreign investments in Russia, says the Moscow Stock Exchange which recently switched to the “T+2” regime.

SEC decides to redraft oil extraction rule, foregoing appeal

The Securities and Exchange Commission will not appeal a court ruling that undid rulemaking demanding the disclosure of payments made to governments by oil, gas, and mining companies for extraction rights.

American banks leaving China because of Basel III

The Bank of America became the last one to sell its interest in a Chinese bank (the China Construction Bank) and to leave the country. The reason for that is tightening of capital requirements for which banks need additional funds.

Russian bankers want some slackening of regulation from the “megaregulator”

Today the XI International Banking Forum commenced in Sochi and it will be held until September 10. This year’s conference will mostly go around recent creation of the “megaregulator” (which, we remind, was formed recently by merging the Federal Financial Markets Service with the Central Bank).

US standard-setter’s advisory panel opposes leases proposal

The converged proposal on financial reporting for leases continues to face resistance with the deadline for comment letters little more than one week away.

Sustainability in capital market reporting - Practical guidance issued by Deutsche Börse

Non-financial aspects are an important part of a company’s value and investors and analysts increasingly ask for corresponding information. Therefore, Deutsche Börse has developed guidance that is designed to assist issuers of all sizes and sectors in integrating environmental, social and governance (ESG) information into effective capital market communication.